3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Everest Re Group
Our trading algorithm values Everest Re Group (RE) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $278.26 |
| 60 Day Prediction | $278.8 |
| 60 Day Pred - Lower Bound | $264.24 |
| 60 Day Pred - Upper Bound | $293.24 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.109 * nr_days_in_the_future + 275.528
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
RE traded at $278.26 this Wednesday October 19th, gaining since last week.
Looking back, over the last month, RE has been gaining.
Over the last year, it has been loosing $-2.66 or -0.96 percent.
Seasonality of Everest Re Group
Using our AI model, we have been analyzing the value change for Everest Re Group depending on the day or month of a year. This can be seen in the following graph:
